San Dimas Plaza

A sophisticated investment client with a low tax basis asked Seagate to evaluate its $30 million dollar shopping center for creative alternatives to lessen its single market asset exposure. Seagate proposed and successfully structured a “down-REIT” with a publically traded Real Estate Investment Trust, a stock for property swap that significantly diversified its portfolio, created liquidity and the ability to transfer shares internally, guaranteed a significant return for future years, all while deferring taxes to the future.